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GOVERNMENT

Salaries of Laborers working for Ministry of Public Works not paid for 4-months

January 16, 2019

Salaries of Laborers working for Ministry of Public Works not paid for 4-months

KUWAIT CITY, Jan 15: A number of laborers conducted a strike in front of the building of Ministry of Public Works to protest against the non-payment of their salaries for four months. These laborers are employees of a company that has been contracted by the ministry for maintenance services.

The laborers said they were given many"... Continue Reading

Panel reviews 2019-2020 budget

January 15, 2019

Panel reviews 2019-2020 budget

KUWAIT: The parliament’s budgets and final statements committee yesterday held a meeting to review the new state’s budget of the new fiscal year (2019-2020), the final statement of the awqaf secretariat general and the related State Audit Bureau and auditors’ remarks. The committee’s chairman MP Adnan Abdulsamad said the meeting was also attended by representatives from the finance"... Continue Reading

Govt studying ‘proposals’ to involve Kuwaitis in ownership of institutions

January 14, 2019

Govt studying ‘proposals’ to involve Kuwaitis in ownership of institutions

KUWAIT CITY, Jan 13: Government economic institutions are studying proposals to involve citizens in the ownership of hundreds of economic and service institutions in order to reduce burden on the State budget and lessen criticism on the quality of public services such as education, health and others, reports Annahar daily.

Sources"... Continue Reading

Government finalizing major economic laws – Approval sought

January 14, 2019

Government finalizing major economic laws – Approval sought

KUWAIT CITY, Jan 13: The Council of Ministers is finalizing three major economic laws which will be submitted to the National Assembly for approval within two weeks, reports Al-Anba daily quoting reliable sources.

The sources explained the laws were submitted by the Minister of Commerce and Industry Khaled Al-Roudhan, and that"... Continue Reading

Process on to transfer 470 private ‘nurseries’ to MoE

January 13, 2019

Process on to transfer 470 private ‘nurseries’ to MoE

KUWAIT CITY, Jan 12: The process of transferring the supervision of some 470 private nurseries from the Ministry of Social Affairs to Ministry of Education has already begun in line with cabinet’s decision, reports Al-Jarida daily quoting educational sources.

In this context, Undersecretary at the Ministry of Social Affairs"... Continue Reading

Govt discussing new amendment to trade act to address interest inflation

January 10, 2019

Govt discussing new amendment to trade act to address interest inflation

KUWAIT CITY, Jan 9: At a time, when the popular and parliamentary claims continue to be made regarding the reduction of consumer loans, the government agencies are discussing new amendments to the Trade Act to address the issue of interest inflation on loans to citizens, reports Al-Qabas daily.

In this regard, the sources revealed"... Continue Reading

Govt cancels adopted Free Trade Zone decision

January 9, 2019

Govt cancels adopted Free Trade Zone decision

KUWAIT CITY, Jan 8: The Council of Ministers has canceled the Decision No. 512 that was adopted at its meeting No. 23/1997 on June 29, 1997 concerning the establishment of a free zone in the port of Shuwaikh and its geographical borders, reports Al-Qabas daily.

The daily added, the Public Authority for Industry shall, however,"... Continue Reading

Kuwait parliament Oks bill on regulating credit information

January 9, 2019

Kuwait parliament Oks bill on regulating credit information

The National Assembly on Tuesday approved a bill stipulating regulations for credit information. The draft law, endorsed in the second reading, was supported by 45 members, with six objecting out of the present 51 legislators.

The voting took place after examining a relevant report by the parliamentary financial and economic committee."... Continue Reading

Govt practically cannot pay consumer loans of Kuwaitis’

January 6, 2019

Govt practically cannot pay consumer loans of Kuwaitis’

KUWAIT CITY, Jan 5: The government cannot practically pay the consumer loans of the citizens, which are close to 12 billion dinars, since the government deposits with local banks according to the latest statistics are barely enough to pay half this amount which indicates that the total government deposits in the banks is close to 6 billion dinars, reports Annahar daily quoting government sources familiar"... Continue Reading

Boehringer Ingelheim Exercises Option on Second Hepatic Disease Target From Research Collaboration with Dicerna

January 4, 2019

Boehringer Ingelheim Exercises Option on Second Hepatic Disease Target From Research Collaboration with Dicerna

Boehringer Ingelheim and Dicerna Pharmaceuticals (NASDAQ: DRNA), a leading developer of investigational RNA interference (RNAi) therapeutics, today announced that Boehringer Ingelheim has exercised an option to receive exclusive rights to a second hepatic disease target emerging from its research collaboration and license agreement with Dicerna. The collaboration, established in October 2017, aims to discover and develop novel GalXC™ RNAi therapeutics for the treatment of chronic liver diseases, with an initial focus on nonalcoholic steatohepatitis (NASH), a devastating disease for which there is no approved treatment. The option is the second target under the two companies’ research collaboration and license agreement. Under the terms of the agreement, Boehringer Ingelheim will be responsible for future clinical development and commercialization...... Continue Reading

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